Record Number Of US Households On Foodstamps

Last month, when the USDA released the latest foodstamps numbers for the month of February, there was some hope that following a third month of declines, we may just have seen the peak of US foodstamp usage and going forward we would only see the number decline. Sadly, the latest numbers refutes this: in March a total of 46,405,204 persons were at or below poverty level and thus eligible for foodstamps, a 79K increase in the month. Yet while many individuals have learned to game the system, and this numbers at the peak may fluctuate, when it comes to the far more comprehensive and difficult to fudge "households on foodstamps" number, there was no confusion: at 22,257,647, the number of US households receiving the "SNAP treatment" rose to an all time high, even as the benefit per household dropped to the second lowest ever. At least all these impoverished believers in hope and change have FaceBook IPO profits to look forward to. Oh wait.

Guess who is in charge of this SNAP program..yes JP Morgan, so you know it is fucked up and they have a profit machine behind it. If you are looking for the cause of many of the worlds problems, look no further than the Squid or the Whale! I hear they eat babies too!

7 weeks 6 days. No wonder you're so dumb. The politicians aren't stupid - they're corrupt. They only seem stupid if you think they work for you. They don't. They work for the lobbyists, mainly the bankers.

Occupy ZH for a while longer before making any more of a fool of yourself.

Is it just me or do you see more and more "EBT accepted here" signs everywhere? Costco, BJ's, Stop and Shop, Kings, Shop Rite etc etc etc.... it's as if the gubmint is "secretly" bailing out the retail chains... hmm

Gentlemen I have to weigh in on this one. At our Car Stereo store in Oregon people are now paying for their stereo systems with their EBT card. In Oregon we call it the "Oregon Trail" card. When this first started happening a few months ago...I was astonished. $400 stereo paid for with the Food Stamp card. I asked some people how you could do this, and they explained to me that each person that has one of these cards receives a percentage as a "Cash Benefit" for necessities that are not food. Well boys...looks like their are no real enforceable rules in this game. Nothing really surprises me any more....except some of the hilarious comments on ZH. NOTE:We do not take the cards directly, these people use the ATM in our store and receive cash. Your tax dollars at work putting booming systems in the old Cutlass. LOL...and for your enjoyment...take a look at this...

FYI, I believe very soon you will see that a direct connection between Monsatan GMO products and diabetes/obesity will be establisshed as commonplace. Even Walmart shoppers won't eat that shit when they find out it's killing them slowly!!

How would you feel if someone told you that one of the largest banks on Wall Street makes more money whenever the number of Americans on food stamps goes up? Unfortunately, this is something that is actually true. In the United States today, one out of every seven Americans is on food stamps. In fact, the number of Americans on food stamps has increased by a whopping 14 million since Barack Obama entered the White House. All of this makes JP Morgan very happy, because JP Morgan has been making money by the boatload on food stamps. Right now, JP Morgan Chase issues food stamp debit cards in 26 U.S. states and the District of Columbia. The division of JP Morgan Chase that issues these debit cards made an eye-popping 5.47 billion dollars in net revenue during 2010. JP Morgan is paid per customer, so when the number of Americans on food stamps goes up, they make more money. But doesn't this give JP Morgan an incentive to try to keep the number of Americans on food stamps as high as possible? Of course it does. JP Morgan is interested in making money as rapidly as possible. If JP Morgan can get more Americans enrolled in the food stamp program and keep them enrolled in it for as long as possible, that is good for business.

And the Obama administration is certainly doing what it can to help out. Even though a whopping 46 million Americans are now on food stamps, the Obama administration plans to give out large amounts of money to organizations that are able figure out ways to get even more people enrolled in the program....

The over-profits of the shark loans in the USA not only did not turn their dollars into inflationary money, but also they were multiplied and exported abroad in the form of “investments”. The illegally “increased" dollars of the internal USA economy become tons of “investments” abroad. FED printed cheap money and loansharking multiplied this money in an unnatural way within the American economy boarders and they discarded them abroad so that they did not threaten USA. USA became the first state in the world with artificial “breathing” ...the first state that burdened the international economy with its “breathing” ... and this is where everything started ...this is where the current shabbiness started, Loan sharks that are international today and “hide” behind the vague term of “Markets” are in fact the old loan sharks of the American market. They by controlling the USA monetary system “pumped in air” constantly in order to make profit from the USA “breathing”.

I'm all for getting the losers off of the taxpayer teat, but let's get real, reducing the foodstamp rolls would dramatically reduce the revenue of some huge corporations. I've come to the conclusion that the poor are in part a magician's misdirection by the food companies, grocery stores, JP Morgan, government services, etc...to give the American taxpayer a place to direct their anger while behind the scenes they rape us of billions. Why else would Yum! brands and Starbucks want their cut??

Foodstamps give huge corporations a direct line into our wallets without us ever having to enter a grocery store to buy their products. Fuck all of 'em.